Horton (click here) has a long track record of leadership and results in both business transformation and operational performance. Since his appointment as Chairman and CEO in November 2011, Horton has led a disciplined strategy to put American back on top as the leading global airline.
There is no one company that is suppose to monopolize the markets either. Too big to fail has become a strategy, rather than a plight on our country. It is about time the courts started to look at these companies and decide about the viability of such a strategy when it impacts our economy and way of life.
It doesn't matter how benevolent the facade is, companies are never suppose to be able to control any aspect of our economy to the point of being more powerful than the government.
Airlines have always had trouble being viable. They always come to the USA to reorganize and continue to serve their customers. I appreciate the Justice Department for acting to keep our nation's economy diverse and healthy with room to grow. This merger is appropriate to challenge for anti-trust. Enough is enough.
If the merger goes through it will create unemployment and challenges to other airlines to compete. This merger will lead to more of the same. It is time to stop the downward spiral of our economy due to lack of competition and poverty wages.
11/14/2012
...Some of the nation’s largest (click here) operating companies have succumbed to the temptation to profit off their employees’ retirement savings plans by creating investment advisory subsidiaries that earn rich fees from managing the assets in these plans. American Airlines, Bechtel, Caterpillar, General Dynamics and General Electric are but a few of the major corporations that have, or had, affiliated investment advisory firms which none-too-coincidentally were selected by pension fiduciaries to manage the retirement assets of their employees....
...When the assets of retirement plans are managed by an affiliate of the employer, I refer to these plans as “conflicted” because of the obvious conflict of interest that exists whenever an employer, or named fiduciary of a plan controlled by the employer, decides to hire itself (or an affiliate) to manage the plan....
When there is competition, companies also have to compete for talent. That means if there is one less airline there is less of a market for pilots, mechanics and other staff. Their wages will be controlled by few and few companies. This is ridiculous. We don't need an airline cartel.
August 29, 2012
...Remember the old joke: (click here) the doctors all agreed the operation was a great success … unfortunately, the patient died. Only lawyers could conclude that the results of a retirement plan investment program don’t matter. I can assure you that the results do matter to the workers that participate in these plans and rely upon them for retirement security....
Boo hoo, boo hoo the CEO won't be making his billion dollar bonus this year. If the airlines aren't viable I know of a half dozen airlines waiting to be at the garage sale. Just because there is a merger doesn't mean American Airlines won't file for bankruptcy in the future anyway. It seems to me the Board of these airlines needs to look at the 'talent at the top' more than other means to save themselves.
By Terry Maxon
Staff Writer
August 14, 2013
American Airlines’ (click here) future may have changed dramatically Tuesday. But it will take time to determine what that future holds.
American plans to go forward with its date Thursday with U.S. Bankruptcy Judge Sean Lane. It will ask Lane to approve the plan of reorganization, despite the cloud now hanging over the proposal.
American and merger partner US Airways express confidence that they’ll win the legal challenge. But at the least, the lawsuit will delay indefinitely a deal that the two carriers had expected to close next month.
“While we do not yet know how long the court process will run, it will likely take a few months,” American chairman and chief executive Tom Horton told employees in a message....
